Personal Property Mortgage Sample Contracts

Contract for Personal Property Mortgage in Maximum Amount Contract No.: [P2012M11SCSDQ0001-0009]
Personal Property Mortgage • December 21st, 2012 • Chisen Electric Corp • Miscellaneous electrical machinery, equipment & supplies

In order to ensure the performance of RMB Capital Loan Contract concluded by Party A and B, which number is P2012M11SCSDQ0001-0003, and Joint Repayment Contract concluded (RMB Capital Loan Contract and Joint Repayment Contract shall be hereinafter referred to as main contract) by Party A, Zhejiang Chisen Electric Co., Ltd. (hereinafter referred to as the co-obligor) and Party B, which number is P2012M11SCSDQ0001-0012, and safeguard the realization of the creditor’s right of Party B, Party A shall have the willingness to provide security guarantees of the personal property mortgage in maximum amount to the debts of Party A and the co-obligor under the main contract. Party A and B make and enter into this contract through the agreed consultation, so as to jointly observe.

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